Fannie Mae sells $2 bln bills at lower rates
Dec 5 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2 billion of benchmark bills at lower interest rates compared with last week's sale of similar maturities.
Fannie Mae said it sold $1 billion of three-month bills due March 6, 2013 at a 0.120 percent stop-out rate, or lowest accepted rate, down from the 0.124 percent rate for last week's sale of $1 billion of three-month bills.
The company also sold $1 billion of six-month bills due June 5, 2013 at a 0.158 percent rate, down from the 0.159 percent rate for $1 billion six-month bills sold Nov. 2.
The three-month bills were priced at 99.970 with a money market yield of 0.120 percent. The six-month bills were priced at 99.920 with a money market yield of 0.158 percent.
Settlement is Dec. 5-6.